Mark Mobius' World View

The legendary international investor discusses his favorite emerging-markets stocks and one U.S-based alternative.

Just a handful of emerging markets were safe for investing a quarter century ago.

But with explosive growth, emerging-market economies today account for roughly a third of the world's economy. Combined with reforms that make investing more palatable, Mark Mobius and his acolytes at Franklin Templeton now oversee a group of equity funds with $50 billion at work in 60 developing countries.